Entity Owned 
For Sale
1 / 30
$8,800,000
26-19 Francis Lewis Blvd, Flushing, NY 11358
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Property summary
AI-generated overview
A renovated multi-story medical office building in Flushing, NY, located on Francis Lewis Boulevard, designed for medical and hospital use with elevator service and geothermal heating and air conditioning. The building contains 27 examination rooms, 10 consultation offices, and three reception or waiting rooms, with medical office space on the first and second floors and additional medical office space in the basement. Approximately 400 square feet on the third floor is designated for landlord storage use, and the building is configured for delivery vacant. The site comprises two lots totaling 10,985 SF with a 10,530 SF building footprint, and provides private parking for 17 cars. A complete renovation was completed from the basement through the third floor in 2008. Zoning is listed as C1-3 / R4 & R2A, and the basement has been used as a leased long-term medical office space.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1957
Total area
8,350 SF
Lot
0.25 ac (10,985 SF)
Zoning code
R4
APN
05961-0033
UPID
US63-5957774
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
R4 · Flushing, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.71M
Value range
$2.44M – $2.98M
±10% around blend
Estimated value / SF
$325 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$2.44M
blend $2.71M
$2.98M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,350 SF
Lot area
0.25 ac
Year built
1957
Stories
2
APN
05961-0033
Zoning
R4
Assessed value
$688,500
Annual tax
$72,926
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$72,926
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.45M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.9 mi away · 10,320 SF
10.1 mi away · 6,350 SF
11.5 mi away · 7,200 SF
11.6 mi away · 6,768 SF
12.4 mi away · 7,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.71M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 116 sales
$681
-52%
County 217 sales
$547
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $325/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
3.94%
Selected cap rate for this office buildings
Derived from the Flushing market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.94%
9.0%
NOI (est.)
$347k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.80M
Move the market yield to see immediate price impact.
Value / SF
$1,054
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.44%3.94%4.44%
$312k
$9.07M
$7.92M
$7.03M
$347k
$10.08M
$8.80M
$7.81M
$381k
$11.09M
$9.68M
$8.59M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$2.90M
5.4 mi · Feb 2026 · $376/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$72,926
Tax year 2024
Assessed value
$688,500
Assessed 2024
Previous assessed
$683,100
+0.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$229,950
Assessed improvement
$458,550
Land market value
$511,000
Improvement market value
$1,019,000
Total market value
$1,530,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1957
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
8,350 SF
Lot
0.25 ac (10,985 SF)
Zoning code
R4
APN
05961-0033
UPID
US63-5957774
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Flushing, NYZoning R4 · permitted uses
R4 · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4
Jurisdiction
Flushing, NY
Recorded code
R4
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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